FinTech News
Fascinated by the rapidly evolving world of financial technology? Our FinTech news category is your insider’s guide to the most cutting-edge innovations disrupting the finance industry. Get up-to-date coverage on the latest breakthroughs in digital banking, cryptocurrency, investing, and more.
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TomoCredit Raises $7 Million for Unique Credit Card Product
A startup looking to revolutionize the credit-building card market has just earned itself a significant investment. As reported by TechCrunch, TomoCredit has announced that it recently raised $7 million. The seed round included participation from KB Investment Inc., BAM Ventures, Knollwood Investment Advisory, Strong Ventures, Passport Capital, Ulu Ventures, and Barclays — with the FinTech…
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Cloud Accounting Startup Lockstep Announces $10 Million Round
In a sea of digital banking services and budgeting apps, it’s easy to forget how large the scope of FinTech actually is. Additionally, while many startups are focused on P2P, there are plenty of financial needs in the B2B space as well. Enter Lockstep — a cloud accounting startup aiming to help businesses manage their…
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Bitcoin Soars to Record High As Tesla Announces Plans to Accept the Cryptocurrency
Just as Bitcoin ended 2020 in style, it seems to be having an even better 2021. Although the asset remains volatile, it’s seen a fairly steady rise in recent months — a far cry from the crash observed just a few years earlier. Now Bitcoin is getting another boost in both price and endorsement as…
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Bitcoin ATM Operator CoinFlip Surpasses One Million Transactions in 2020
Despite the fact that 2020 could hardly be described as a good year for the vast majority of people, it was undoubtedly a strong year for Bitcoin. In fact, even as other volatile stock market happenings have distracted some from cryptocurrencies, Bitcoin and other assets have enjoyed continued prosperity so far in 2021. This has…
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Clarity Money to Shut Down App This March
In the world of FinTech, being acquired by a larger company or institution can be a blessing as it gives startups greater access to capital and resources they need to continue development. On the other hand, depending on the parent company, such mergers can lead to stagnation or closure. Now, the personal finance platform Clarity…
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Lottery-Inspired Savings Platform Yotta Raises $13.2 Million
It’s a well known fact that many Americans have trouble building up their savings. With that in mind, several FinTechs have put their spin on digital banking in a bid to encourage good financial habits. Among the firms fitting this description is Yotta, which offers a savings account with a lottery element, allowing account holders…
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Robinhood Restricts Trading on GameStop, AMC, and Other “Short Squeeze” Stocks
Over the past few days, Wall Street observers have been gripped by a battle of sorts playing out between short-seller hedge funds and retail investors. This tug of war has been most prominently displayed in stocks for video game retailer GameStop and movie theatre chain AMC, with both stocks seeing three and even four-figure percentage…
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Home Lending Tech Platform Roostify Announces $32 Million Funding Round
Another week means another FinTech deal. Today, Roostify announced that it had raised $32 million in its latest round. The Series C was led by Ten Coves Capital with principals at Stone Point Capital as well as returning investors Cota Capital, Mouro Capital, Colchis Capital, Point72 Ventures, and JPMorgan Chase also participating. To date, Roostify has now raised a total of…
